Browsing All posts tagged under »Project Management«

The Budget at Completion (BAC) is how much the project is supposed to cost when finished. However, during the project it may become clear that the project will not end up costing what it is supposed to cost. The Estimate at Completion (EAC) replaces the BAC for the amount that the project is now believed […]

Cost Performance Index (CPI) and Schedule Performance Index (SPI) are indicators of how closely accomplished work is on budget and on schedule. CPI shows how many dollars (or other type of currency) worth of work is being accomplished for every dollar spent. SPI shows how the work is progressing compared to the original schedule. The […]

Project exclusions, assumptions, and constraints (among other information) are included in a Project Scope Statement. They’re also explicitly referenced in the Develop Project Charter, Plan Project Plan and Plan Procurement Management processes. Each of the 47 processes has an implicit reference to exclusions, assumptions and constraints. Here’s a simple example to help you lock in […]

The Program Evaluation and Review Technique (PERT) formula or 3 point estimating is a simple and useful tool for project managers, and those who are planning to take their PMP Exam should have it memorized. There is much more to PERT as a project scheduling and planning technique than this formula, but here we’ll focus […]

The leaky faucet, the sieve, the bleeding of billable hours – called different things in different settings they refer to the same concept, a consulting/ contracting company or resource who piles up time and material hours. It’s also one of three dirty consulting tricks I’ve observed first hand in the last few years. The irony […]

Nearly four years ago we began the TAPUniversity Blog. It’s been based on a mix of our training and consulting delivery. The first topic was a top 10 things to do for contractors or consultants (or not do). After a round of consulting assignments, in pharmaceutical and insurance, with other consultants alongside me, I observed […]

12 months of two consulting project management engagements. Digging in. Pitching in. Working in the weeds! Since 2002 my career has been a blend of “doing” project management, business analysis, faclitation, agile and lean six sigma along with “teaching” those same subjects. The last 12 months has been 95% of the doing. Now that the […]